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Gina Francisco Allegedly Recommended a Risky Investment

Gina Franciso (CRD #: 4490144), a broker registered with LPL Financial, is the subject of an investor dispute. This disclosure appears on her BrokerCheck record, accessed on September 15, 2023. Keep reading if you have questions about her alleged conduct. 

On August 3, 2023, an investor alleged that Gina Francisco recommended an unsuitable alternative investment. Alternative investments are risky and unsuitable for most investors. The investor is seeking $74,000. 

There is another dispute, dated December 22, 2016, alleging Gina Francisco recommended an unsuitable investment. 

What is an Unsuitable Investment?

FINRA Rule 2111 requires brokers to evaluate whether an investment strategy fits their investor’s financial goals. Brokers must examine the investor’s profile, which contains the following investor characteristics:

  • Age
  • Risk tolerance
  • Time horizon (i.e., how long the investor plans to hold the investment)
  • Investing experience
  • Tax status
  • Financial goals

Investments that do not take these factors into consideration may be unsuitable. Investors who rely on brokers for recommendations may be able to recover their losses by pursuing FINRA arbitration.

FINRA Rule 2010

FINRA Rule 2010 holds brokers to high standards of commercial honor and just and equitable principles of trade. A violation of FINRA Rule 2111 is also a violation of FINRA Rule 2010. 

Background Information 

Gina Francisco has passed the following exams: 

  • Series 66 Uniform Combined State Law Examination 
  • SIE – Securities Industry Essentials Examination 
  • Series 7 General Securities Representative Examination 

She is a registered broker in 12 states and is a registered investment adviser in Florida and Georgia. 

Gina Francisco has registered with the following firms: 

  • LPL Financial (CRD #: 6413) 
  • Cetera Investment Advisers (CRD #: 105644) 
  • Cetera Investment Services (CRD #: 15340) 
  • UVest Financial Services Group (CRD #: 13787) 
  • AmSouth Investment Management Company (CRD #: 111757) 
  • AmSouth Investment Services (CRD #: 15692) 

Kurta Law Can Help

If you worked with Gina Francisco and you have concerns about your investments, please contact us today at 877-600-0098 or info@kurtalawfirm.com for a free consultation.

For over 20 years, Kurta Law has advocated on behalf of investors who want to recover their investment losses from brokers and brokerage firms. Kurta Law is a nationally recognized law firm that exclusively represents investors against brokers and brokerage firms on a contingency basis. This means that the firm only earns a fee if our securities attorneys recover money on your behalf.